$SEI Strong Rally Pauses at Resistance: Momentum or Exhaustion?
$SEI is currently trading at $0.1702, with an impressive +11.02% gain on the day. After a powerful vertical move, price is now consolidating under resistance, hinting at a potential breakout continuation or short-term cooling.
Key Technical Levels:
• Resistance: $0.1722
• Support: $0.1660
Trade Setup – Wait for Confirmation:
Bullish Scenario:
• Entry: Break and close above $0.1722
• TP1: $0.1760
• TP2: $0.1795
• TP3: $0.1830
• Stop-Loss: Below $0.1660
Bearish Scenario:
• Entry: Breakdown below $0.1660
• TP1: $0.1620
• TP2: $0.1575
• Stop-Loss: Above $0.1722
The chart shows strength, but overextension risk remains—trade only after clean confirmation in either direction.
